Bitcoin is created or mined by high-powered computers in different parts of the world, with each one of them participating to solve complex mathematical puzzles in a process that makes rigorous use of electricity. The industry in China, which once accounted for as much as 70% of the world’s capacity, is in a frenzied stateContinue reading “Who can take advantage of China’s Bitcoin mining crackdown”

When Bitcoin was first proposed by Satoshi Nakamoto, the very first public criticism it received revolved around its scalability potential. Fast forward to 2021, and scalability is still the biggest problem for Bitcoin according to many of its proponents and skeptics. In time, however, with the rise in institutional interest and technologies, one proposed solutionContinue reading “Why Bitcoin Lightning Network being pronounced dead might be premature”

Bitcoin and Ethereum are the two of the largest cryptocurrencies in the world. While Bitcoin and Ethereum have both secured a major share of the cryptocurrency market’s value, their purposes are widely different. What this competition between the two has also done is fueled conversations about which crypto is better than the other. So, isContinue reading “What you should know about these long-term Ethereum risks”

‘Don’t pay attention to the noise, follow the facts’ – That’s what Cardano’s Hoskinson has to say to his audience these days. Cardano, the third-generation blockchain token, has been buzzing on the back of its recent successes. In fact, it was in the news a few days ago after it overtook Bitcoin, the world’s largestContinue reading “Cardano: How far along is Alonzo?”

While the correction phase in the cryptocurrency market might be unsettling news for some investors, it can also be viewed as a good buying opportunity. With the latest setbacks in the markets, cryptocurrency prices declined substantially. Bitcoin, for example, was valued at around $34,364 at the time of writing. That’s down from its peak ofContinue reading “At what point does this analyst plan to start selling his Bitcoin”

Cardano is in an interesting yet crucial transition phase and on the verge of becoming a smart contract compatible blockchain with the Alonzo upgrade scheduled for next month. Earlier this week, cryptocurrency asset manager Grayscale Investments added Cardano (ADA) to its digital large-cap fund (GDLC), marking the project as the fund’s third-largest component. Even withContinue reading “Cardano: ‘I guess you haven’t been paying attention’”

With cashless transactions on the rise, the recognition and/or adoption of decentralized digital tokens is also gathering momentum in various sectors, and regions around the world. The cryptocurrency market today stood at a trillion-dollar valuation with a global market cap of $1.43 T. Even so, the world’s regulators and regulatory bodies struggle to reach aContinue reading “‘It’s time for the govt to study and carry out the pilot implementation for cryptocurrency’”

After a series of setbacks in its price action, Bitcoin, seems to be looking up again. At press time, it was trading just above the $35.5k price level with a surge of around 3% within 24 hours. Now, the questions is, will it continue its bullish momentum to reach its April ATH or perhaps evenContinue reading “These are the worst-case scenarios for Bitcoin in July, August”

When it comes to making a prediction for a particular cryptocurrency, it’s been done before. It will be done time and again, in the future, with several analysts, supporters, critics and experts presenting their take on the future of cryptocurrencies. What is not easy about this aspect, however, is to justify a prediction. Moreover, manyContinue reading “‘What kind of a future’ is bitcoin looking at?”

Various economies across the globe face limited future growth prospects, due to their small size or even their untapped resources and potential. That is one of the factors pushing them toward experimenting with new ways to solve problems and make progress. El Salvador, for instance, recently became the world’s first country to accept Bitcoin asContinue reading “Iranian parliament may reconsider cryptocurrency mining but…”

The two largest cryptocurrencies by market cap, Bitcoin and Ethereum have dominated the crypto market for a long time. While the former is perceived as the guardian of wealth, the latter is considered a utility behemoth. At press time, both BTC and ETH witnessed a decent surge in prices after a period of consolidation. WhileContinue reading “This analyst believes Ethereum is ready to move in this ‘big’ way”

The recent havoc caused by China’s crackdown on Bitcoin mining activities has led to an exodus of miners; they’re shifting their operational base to other geographical locations. The US with greener sustainable infrastructure may be an ideal location for miners. A blessing in disguise?  The Republican US Senator of Wyoming – Cynthia Lummis recently invitedContinue reading “Bitcoin miners pay attention, they ‘WANT’ you in Wyoming”